The estimated cost to purchase and maintain 20 computers is


The estimated cost to purchase and maintain 20 computers is $20,000; $30,000; $30,000; and $60,000 at the end of years one through four, respectively. If the after-tax financing rate is 5.5%, estimate the equivalent annual cost of these computers.

 

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Financial Management: The estimated cost to purchase and maintain 20 computers is
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